Quess Corp's headcount crosses 600,000, joins global league of staffing giants
Quess Corp's global headcount has topped 600,000, putting it in the same league with global staffing behemoths Adecco, Randstad and Manpower, and software services giant Tata Consultancy Services in terms of number of employees.
The Bengaluru-headquartered firm, which offers staffing, workforce management and technology outsourcing services, ended the June quarter with an employee count of 597,000. Since then, it has added at least 6,000 workers, chairman Ajit Isaac told ET.
“We are among the largest globally in headcount and perhaps the youngest to achieve this in a span of 17 years,” he said.
Quess, founded by Issac in 2007, has Toronto-based Fairfax as the largest shareholder with a stake of 34%.
Vasanthi Srinivasan, who teaches HR at IIM Bangalore, said Quess has contributed in three ways. “Firstly, it is moving low-skilled workers into the formal sector on a large scale that guarantees minimum wages and social security,” said Srinivasan. “They are adding jobs amid concerns of jobless growth, and thirdly, most new joinees are first-generation workers from their families. On the job, they acquire skills and a sense of identity by being a part of a large company.”
Experts say staffing firms are emerging structurally important to the Indian economy as the government increases focus on job creation.
Demerger plan on track
The company has moved the National Company Law Tribunal (NCLT), seeking approval for its proposal to split the company into three, as it has received no-objection letters from the National
